ChipMOS TECHNOLOGIES INC. Declares Annual Dividend of $0.61 (NASDAQ:IMOS)

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) announced an annual dividend on Tuesday, May 27th, Wall Street Journal reports. Stockholders of record on Friday, June 27th will be given a dividend of 0.6132 per share by the semiconductor company on Friday, July 25th. This represents a dividend yield of 4.5%. The ex-dividend date is Friday, June 27th.

ChipMOS TECHNOLOGIES has decreased its dividend payment by an average of 11.1% annually over the last three years. ChipMOS TECHNOLOGIES has a dividend payout ratio of 47.9% indicating that its dividend is sufficiently covered by earnings.

ChipMOS TECHNOLOGIES Price Performance

IMOS stock traded down $0.28 on Monday, reaching $18.50. 26,383 shares of the company's stock were exchanged, compared to its average volume of 22,875. The stock has a fifty day moving average of $16.95 and a 200-day moving average of $18.41. ChipMOS TECHNOLOGIES has a twelve month low of $12.78 and a twelve month high of $27.80. The firm has a market cap of $672.70 million, a PE ratio of 12.94 and a beta of 0.92. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last issued its earnings results on Tuesday, May 13th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $166.70 million for the quarter, compared to analysts' expectations of $5.26 billion. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. ChipMOS TECHNOLOGIES's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share.

ChipMOS TECHNOLOGIES announced that its board has initiated a share buyback plan on Tuesday, May 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Taiwan, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.